This young man has a great deal of insight. I think he can be forgiven for concluding with a concept that his generation has been told is holy writ. At his age, I was a confirmed socialist and a proud member of the “new left.” I am willing to grant him the honor of saying he has gotten a whole lot more of economics right than I did. Assuming that the taxpayers would continue to breed at the same rate as they always had, it bothered me not one bit that Social Security was a Ponzi scheme. He sees it correctly. And for those ready to retire, Social Security is a contract upon which they have, however foolishly, relied. If Social Security and all its wrong assumptions are finally destroyed and replaced with private savings accounts, then future generations will have options that current retirees often didn’t have. So the time to kill Social Security as we know it is now. It is an entitlement only for those who were already bamboozled then forced into it. Ditto for unemployment payouts. Nobody has the right to be unemployed any more than the right to be employed. Only a healthy economy can solve the problem of unemployment. Creating new massive “rights” will only make things worse. So long as the government continues to prop up phony rights, private charity and the churches will never be able to do their job.
